International Finance Corporation

Global Economic Prospects 2024

Publication

As the world nears near the midpoint of what should have been a transformative decade for development, the global economy is set for the weakest half-decade performance in 30 years. 

The Latest from IFC

Our Year in Review

A look back at the major events, topics, and global issues that shaped 2023—a narrative marked by resilience, innovation, and a shared commitment to creating a world free of poverty on a livable planet.

Read More

IFC at the WEF Annual Meeting 2024

The 54th Annual Meeting of the World Economic Forum is providing a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.

Learn More

Building a Better Future

IFC has one focus: private sector solutions to address development challenges. We take on tough problems that governments alone can’t solve, providing business-based answers that are innovative, inclusive, and equip leaders with key tools for success.

Read the report

What We Do

A strong and engaged private sector is indispensible to ending extreme poverty and boosting shared prosperity. That's where IFC comes in - we have more than 60 years experience in unlocking private investment, creating markets and opportunities where they are needed most.

Products and Services

We provide investment, advice, and asset management — offerings that are mutually reinforcing and can be tailored to a client’s specific needs.

Sectors and Expertise

We apply our financial resources, technical expertise, global experience, and innovative thinking to help our partners overcome financial, operational, and other challenges.

Our Impact

IFC works with clients to create the opportunities which help the private sector mobilize solutions and finance to solve development challenges.

IFC at a glance

IFC - a member of the World Bank Group - is the largest global development institution focused exclusively on the private sector in developing countries.

We leverage the power of the private sector and share expertise to transform ideas into investments for green growth, inclusive jobs and impactful projects. 

  • 62.5 Million
    People connected to the internet
  • 11.3 Million
    People supplied with power
  • $226.5 Billion
    In Trade Finance Volume
  • $516.9 Billion
    In Impact from SME Loans

BROWSE BY REGION

See where we work

IFC’s impact spans more than 100 nations. We empower entrepreneurs all over the world, turning bold ideas into engines of inclusive growth creating millions of jobs, uplifting lives, and transforming communities.